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President Trump with Fed chair Jerome Powell. Photo: Drew Angerer via Getty Images

For a brief moment toward the end of last year, President Trump mused about whether he could replace Federal Reserve Chairman Jerome Powell with Kevin Warsh, a former Fed governor and aide to President George W. Bush, two sources who discussed the matter with Trump tell me.

Between the lines: Trump talks about the appointment of Powell as one of the great mistakes of his administration, and wanted to fire him late last year. Trump often privately compares Powell to a golfer who has no "feel" for the game, and has told aides Powell poses the greatest threat to the U.S. economy.

Warsh had been on Trump's shortlist before he ultimately chose Powell at the strong urging of Treasury Secretary Steven Mnuchin.

  • A source who has heard Trump complain about Mnuchin's recommendation says Trump privately gripes: "Steve was the one who did that. ... What a great pick. Thanks a lot!"

The Wall Street Journal's Nick Timiraos and Alex Leary report that Trump blasted Powell at three meetings in the past week, telling senators and others that if not for Fed rate increases, "economic output and stocks would be higher and the U.S. budget deficit would be rising less."

  • "I guess I'm stuck with you," Trump recalled telling Powell during a phone call.

Go deeper

Updated 11 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Coronavirus cases hold steady at 65,000 per day — CDC declares racism "a serious public health threat" — WHO official: Brazil is dealing with "raging inferno" of a COVID outbreak.
  2. Vaccines: America may be close to hitting a vaccine wall — Pfizer asks FDA to expand COVID vaccine authorization to adolescents — CDC says Johnson & Johnson vaccine supply will drop 80% next week.
  3. Economy: Treasury says over 156 million stimulus payments sent out since March — More government spending expected as IMF projects 6% global GDP growth.
  4. Politics: Supreme Court ends California's coronavirus restrictions on home religious meetings.
  5. World: Iran tightens COVID restrictions amid fourth wave of pandemic.
  6. Variant tracker: Where different strains are spreading.
Miriam Kramer, author of Space
Updated 1 hour ago - Science

NASA's delays Mars helicopter test flight

Ingenuity (left) with Perseverance on Mars. Photo: NASA/JPL-Caltech/MSSS

NASA announced Saturday it rescheduled its Ingenuity Mars helicopter's first experimental flight, originally planned for Sunday.

The latest: "During a high-speed spin test of the rotors on Friday, the command sequence controlling the test ended early due to a 'watchdog' timer expiration," NASA said in a statement. "This occurred as it was trying to transition the flight computer from ‘Pre-Flight’ to ‘Flight’ mode."

2 hours ago - Politics & Policy

Scoop: Ohio Senate candidate Josh Mandel escorted out of RNC retreat

Ohio Republican Senate candidate Josh Mandel. Photo: Chris Maddaloni / Getty Images

During this weekend’s highly anticipated donor retreat hosted by the Republican National Committee in Palm Beach, Ohio Senate candidate Josh Mandel was escorted off the premises while his primary opponent, Jane Timken, was allowed to stay, two sources with direct knowledge of the situation tell Axios.

What we’re hearing: The invitation-only event is taking place at the Four Seasons Resort, and the RNC reserved the entire hotel. While Timken, former Ohio GOP chair, was invited to the event “because she is a major donor” — Mandel was not, so he was asked to leave, according to one of the sources.